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democrats, senator dick durbin says entitlement programs like medicare and medicaid are fair game in deficit negotiations but insists social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation, and we can do things that i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing a willingness for reform, senator durbin ruled out raising the age for medicare eligibility. if lawmakers fail to act by january 1st, the american people will face roughly $600 billion in tax increases and spending cuts. >>> because he watches "morning joe" every weekday morning -- >> i don't think that's true. maybe. >> -- monday through friday, senator john mccain is taking our advice and softening his attacks on susan rice. after vowing to block her potential nomination as secretary of state. now, republicans are claiming the amb
democrats, senator dick durbin says entitlement programs like medicare and medicaid are fair game in deficit negotiations but insists social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation, and we can do things that i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say...
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Nov 26, 2012
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we were elected to fix the problems to get the economy going again and to fix the deficit. well, the president got re-elected. we know at the end of this year taxes are going up on everybody. everybody. rich, poor alike. we have marginal rates across the spectrum going up as well as c cap gains, dividends. everything. this is the so-called fiscal cliff, right? so we know that is reality. the operation statute will by law make these rates go up. that's what's changed. we know that. so why would we want to punish folks to see their taxes go up? >> just to can cut through it, if you do nothing, taxes go up on everybody. >> everybody. everybody. and we do nothing to fix the problem so, again, even if all those taxes go up and we know it's like a $4 trillion eitem over ten years well, remember, how much are we spending more than we're taking in each year over a trillion dollars? so even if you raise all those taxes it does not fix your problem. which is, again, what's changed. the operation and the statute. so we're trying to make things better and say let's take this opportunit
we were elected to fix the problems to get the economy going again and to fix the deficit. well, the president got re-elected. we know at the end of this year taxes are going up on everybody. everybody. rich, poor alike. we have marginal rates across the spectrum going up as well as c cap gains, dividends. everything. this is the so-called fiscal cliff, right? so we know that is reality. the operation statute will by law make these rates go up. that's what's changed. we know that. so why would...
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Nov 26, 2012
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catalonia is one of those regions that still has very large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt forgiveness in greece which is what we all know has got to happen. whether it can happen before the german elections in the fall next year is a mute point. anyway, that's where we stand. fairly down beat for equities and yields a little bit mixed. back to you. >> all right. thank you very much. let's get back to the fiscal cliff. we've been talking about the issues of taxes. as we mentioned, warren buffett calling for a minimum tax for the wealthy. he starts with suppose that an investor you admire and trust comes to you with an investment idea. this is a good one, he says, i'm in it and i think you should be, too. would your reply possi
catalonia is one of those regions that still has very large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt forgiveness in greece which is what we all know has got to happen....
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Nov 26, 2012
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these big tax breaks contributed to the debt problem, the two false wars created the deficit. we need to lock arms and walk up to the cliff and see what it is all about. >> bill: arnold you got it. alan in new bedford mass. >> caller: good morning, bill. i think there are two separate issues. the bush tax cuts were to expire in 2010. they were only extended was because of [ inaudible ]. period. >> bill: yeah, that was all over the debt ceiling negotiations. the president went along with it, but it's time to end them now. they are still making the argument that that is a job creator. no, it's not. no, it's not. >> announcer: this is the "bill press show." ♪ >> announcer: chatting with you live at current.com/bill press. this is the "bill press show," live on your radio and current tv. >> bill: how about it coming to you live indeed. coming you live on cirrus xm this hour only and on current tv. republicans talking out both sides of their mouth. on one side they are saying hey yeah, we realize we have to raise revenues. but huh-uh but we're not going to raise tax cuts on the w
these big tax breaks contributed to the debt problem, the two false wars created the deficit. we need to lock arms and walk up to the cliff and see what it is all about. >> bill: arnold you got it. alan in new bedford mass. >> caller: good morning, bill. i think there are two separate issues. the bush tax cuts were to expire in 2010. they were only extended was because of [ inaudible ]. period. >> bill: yeah, that was all over the debt ceiling negotiations. the president went...
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Nov 26, 2012
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there's still a training deficit, so they're not all fully trained. there will be, then we some attrition there at the time and will be for the equipment. so there to bring that force to full capacity. >> i think from my perspective as a generator and trainer, doug will be a better witness as to the effect on the ground. i would merely highlight that in the early days, and this is a much afghan driven, we focus on quantity filling the gaps, putting the quantity out into the field. what we have started to do not in earnest is to consolidate that, by which i mean introduce more tactical training, very specifically introduced collective command level training kicks we bring that information headquarters from the field. we put them in package at the command, which placed -- to your initial question which helps to consolidate and improve the anf ability to fill the field. but it doesn't necessary, wouldn't necessary to keep me awake at night but i think it's a very obvious a challenge. it's the next step in developing the ansf. >> sounds so perfect at ever
there's still a training deficit, so they're not all fully trained. there will be, then we some attrition there at the time and will be for the equipment. so there to bring that force to full capacity. >> i think from my perspective as a generator and trainer, doug will be a better witness as to the effect on the ground. i would merely highlight that in the early days, and this is a much afghan driven, we focus on quantity filling the gaps, putting the quantity out into the field. what we...